7,638 Shares in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Purchased by Good Life Advisors LLC

Good Life Advisors LLC acquired a new stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,638 shares of the restaurant operator’s stock, valued at approximately $404,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Creative Planning raised its stake in shares of Cracker Barrel Old Country Store by 9.1% in the third quarter. Creative Planning now owns 13,799 shares of the restaurant operator’s stock valued at $626,000 after acquiring an additional 1,153 shares during the period. International Assets Investment Management LLC bought a new position in Cracker Barrel Old Country Store during the 3rd quarter valued at about $1,016,000. Mirae Asset Global Investments Co. Ltd. raised its position in Cracker Barrel Old Country Store by 12.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,538 shares of the restaurant operator’s stock worth $627,000 after purchasing an additional 1,462 shares during the period. US Bancorp DE lifted its stake in Cracker Barrel Old Country Store by 365.0% in the third quarter. US Bancorp DE now owns 3,246 shares of the restaurant operator’s stock worth $147,000 after purchasing an additional 2,548 shares during the last quarter. Finally, Verity Asset Management Inc. lifted its stake in Cracker Barrel Old Country Store by 138.1% in the third quarter. Verity Asset Management Inc. now owns 12,258 shares of the restaurant operator’s stock worth $556,000 after purchasing an additional 7,109 shares during the last quarter. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

Cracker Barrel Old Country Store Price Performance

CBRL opened at $48.43 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.24 and a debt-to-equity ratio of 1.20. The business’s fifty day simple moving average is $55.85 and its 200-day simple moving average is $48.75. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 8.47 and a beta of 1.48. Cracker Barrel Old Country Store, Inc. has a 12-month low of $34.88 and a 12-month high of $74.21.

Analyst Ratings Changes

CBRL has been the topic of a number of analyst reports. Bank of America upped their target price on Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an “underperform” rating in a research note on Thursday, December 5th. Loop Capital upped their price objective on Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Argus upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research report on Monday, November 18th. UBS Group boosted their target price on shares of Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Finally, StockNews.com raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $57.63.

About Cracker Barrel Old Country Store

Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. Its Cracker Barrel stores consist of restaurants with a gift shop. The company's restaurants serve breakfast, lunch, and dinner daily, as well as dine-in, pick-up, and delivery services.